AgriFORCE Announces Management Restructuring and Renewed Focus on Organic Growth and Profitability
2023年7月18日 - 9:30PM
AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI;
AGRIW), an agtech company focused on advancing sustainable
cultivation and plant-based products, today announced the
appointments of current board members, David Welch and John
Meekison, as Co-Chairs of the Board of Directors. Additionally,
Richard Wong, who currently serves as Chief Financial Officer, has
also been appointed Interim Chief Executive Officer, replacing Ingo
Mueller, who will remain on the board of directors.
Mr. Welch, who has served as a member of the board since 2019,
is the founding partner at D|R Enso Law, L.L.P., a law firm in Los
Angeles, California. He has a broad base of experience representing
clients in areas of litigation, corporate governance and financing,
intellectual property and regulatory advisement, and defense. Mr.
Welch also focuses on complex commercial transactions and finance.
Mr. Welch obtained his Juris Doctorate degree from Loyola Law
School and received his Bachelor of Arts in Political Science from
California State University, Fullerton. He is a member of the Los
Angeles County and American Bar Associations.
Mr. Meekison, who has served as a member of the board since
2019, has spent the last 15 years serving in a variety of executive
management and CFO roles with both private and public companies,
currently as the CFO and Director of Exro Technologies Inc., a
technology company that creates energy management systems; and CFO
of ArcWest Exploration Inc., a mining exploration company in
British Columbia. He currently serves on the Board of Directors of
Telo Genomics Corp. and Adven Inc. Prior to his position at Exro
Technologies Inc., Mr. Meekison spent 15 years in corporate finance
with a focus on raising equity capital for North American
technology companies, including nine years at Haywood Securities
Inc. Mr. Meekison received his Bachelor of Arts from the University
of British Columbia and is a Chartered Professional Accountant,
Professional Logistician and Certified Investment Manager.
Mr. Wong has over 25 years of experience in both start-up and
public companies in the consumer goods, fertilizer, manufacturing,
and forest industries where he helped propel revenue growth and led
business turnarounds. Prior to joining the Company in 2018, he was
a partner in First Choice Capital Advisors from 2008-2016 and a
partner in Lighthouse Advisors Ltd. from 2016-2018. Mr. Wong has
also served as the CFO of Emerald Harvest Co., Dan-D Foods, Ltd.,
and was the Director of Finance and CFO of SUGOI Performance
Apparel and had served positions at Canfor, Canadian Pacific &
other Fortune 1000 companies. Mr. Wong is a Chartered Professional
Accountant, and a member since 1999. Mr. Wong has a Diploma in
Technology and Financial Management from the British Columbia
Institute of Technology.
Mr. Wong stated, “We are reallocating resources to focus on
commercialization and organic growth of the Company’s three key
assets: Un(Think) Foods, a brand based on our patented process to
naturally convert grains and pulses; AgriFORCE-RCS Hydroxyl
generating devices for eliminating pathogens and volatile organic
compounds (VOCs) in food manufacturing and controlled environment
agriculture; and the Company’s patented GrowHouse structures and
automated growing systems. Each of these technologies target
distinct, multi-billion-dollar addressable markets, and we have a
talented team to bring these innovative products and technologies
to market in the most timely and cost-efficient manner possible and
we are focused on driving organic growth, positive cash flow and
maximizing returns for our shareholders.”
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an
agtech company focused on building an integrated agtech platform
that combines the best technology, intellectual property, and
knowledge to solve an urgent problem – providing the best solutions
to help drive sustainable crops and nutritious food for people
around the world. The AgriFORCE vision is to be a global leader in
delivering plant-based foods and products through an advanced and
sustainable agtech platform that makes positive change in the
world—from seed to table. Additional information about AgriFORCE is
available at: www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release. This announcement is for informational
purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities of the issuer. Any offer
to sell or solicitation of an offer to buy securities of the issuer
may only be made pursuant to a valid prospectus pursuant to an
effective registration statement or pursuant to a valid exemption
from registration under the Securities Act of 1933, as amended and
the rules and regulations promulgated thereunder.
Company Contact:Ian PedersenTel: (604)
757-0952Email: ipedersen@agriforcegs.com
Investor Relations:Crescendo Communications,
LLCDavid Waldman/Alexandra SchiltTel: (212)
671-1021Email: AGRI@crescendo-ir.com
AgriFORCE Growing Systems (NASDAQ:AGRIW)
過去 株価チャート
から 5 2024 まで 6 2024
AgriFORCE Growing Systems (NASDAQ:AGRIW)
過去 株価チャート
から 6 2023 まで 6 2024